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1714026

registered interest
date	26/04/2024
answering body	Department for Energy Security and Net Zero
answering dept id	215
answering dept short name	Energy Security and Net Zero
answering dept sort name	Energy Security and Net Zero
hansard heading	Renewable Energy: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Energy Security and Net Zero, with reference to Appendix 2 of the Contracts for Difference AR6 Allocation Framework 2024, Appendix 2 of the Contracts for Difference AR5 Allocation Framework 2023 and Appendix 2 of the Contracts for Difference AR4 Allocation Framework 2021, what methodology her Department used to calculate the market reference prices for the years 2026-27 to 2030-31; and for what reason it has been set lower than previous Contracts for Difference Allocation Rounds.
tabling member constituency	Angus
tabling member printed	Dave Doogan
uin	23952
answer	answer is ministerial correction date of answer 01/05/2024 answer text <p>As set out in the accompanying note to the Budget Notice[1], the reference prices we use for the CfD budget are an output from the Department’s main power model and are characteristic of decarbonisation pathways that are net-zero consistent. Wholesale electricity prices are driven by many factors including electricity demand profiles, the plants that generate to meet this demand, as well as fuel price assumptions and carbon price assumptions. Changes in reference prices between rounds depend on the assumptions used in power modelling and the delivery years for each allocation round.</p><p> </p><p>[1] The accompanying note to the Budget Notice can be found here:</p><p><a href="https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.gov.uk%2Fgovernment%2Fpublications%2Fcontracts-for-difference-cfd-allocation-round-6-statutory-notices&amp;data=05%7C02%7CParliamentary.PQ%40energysecurity.gov.uk%7C9ba5023041b04ec6760908dc692d94b9%7Ccbac700502c143ebb497e6492d1b2dd8%7C0%7C0%7C638500891684410764%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&amp;sdata=WunRH0cV5boaGDFHmPM1SJU%2BmksN%2FI1bxKETyzzMG1A%3D&amp;reserved=0" target="_blank">https://www.gov.uk/government/publications/contracts-for-difference-cfd-allocation-round-6-statutory-notices</a></p><p> </p> answering member constituency West Aberdeenshire and Kincardine answering member printed Andrew Bowie question first answered 01/05/2024 05:23:52 answering member 4601 label Biography information for Andrew Bowie
tabling member	4736 label Biography information for Dave Doogan

1671713

registered interest
date	21/11/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Renewable Energy: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make it his policy to use revenue generated by new North Sea oil and gas licensing to fund green energy initiatives.
tabling member constituency	Birmingham, Hall Green
tabling member printed	Tahir Ali
uin	2943
answer	answer is ministerial correction date of answer 29/11/2023 answer text <p>The Government is of the view that spending and taxation decisions should be made separately to avoid limiting the ability to manage the public finances flexibly.</p> answering member constituency Grantham and Stamford answering member printed Gareth Davies question first answered 29/11/2023 15:04:40 answering member 4850 label Biography information for Gareth Davies
tabling member	4747 label Biography information for Tahir Ali

1486763

registered interest
date	05/07/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Renewable Energy: Finance
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans they have to update the investment allowance to support lower-carbon technologies.
tabling member printed	Lord Taylor of Warwick
uin	HL1513
answer	answer is ministerial correction date of answer 19/07/2022 answer text <p>The Energy Profit’s Levy investment allowance will be calculated in the same way as the investment allowance for the existing Supplementary Charge. However, unlike the Supplementary Charge, it will be available to companies at the point of investment. This makes it both more immediate and more generous.</p><p> </p><p>Since the Levy is targeted at the extraordinary profits from oil and gas upstream activities, it makes sense that any relief for investment must also be related to oil and gas upstream activities. Such spending can be used to decarbonise oil and gas production, for example, through electrification. Therefore, any capital expenditure on electrification, as long as it relates to specific oil activities within the ringfence, will qualify for the allowance.</p> answering member printed Baroness Penn question first answered 19/07/2022 11:57:45 answering member 4726 label Biography information for Baroness Penn
tabling member	1796 label Biography information for Lord Taylor of Warwick

1463031

registered interest
date	16/05/2022
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Renewable Energy: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential effect of the upcoming Contract for Difference Auction Round 4 on energy bills.
tabling member constituency	Hendon
tabling member printed	Dr Matthew Offord
uin	2457
answer	answer is ministerial correction date of answer 24/05/2022 answer text <p>The Government is committed to minimising energy costs for businesses and consumers. Contracts for Difference offer value-for-money to consumers and continue to deliver low prices. For example, between the first allocation round in 2015 and the last round in 2019, the price per unit (MWh) of offshore wind fell by around 65%.</p><p> </p><p>Competitive auctions are proven to be effective in helping to keep costs down and this year’s auction has been designed to keep the allocation process highly competitive. The impact will be dependent on the outcome of the competitive auction process; it is expected that this year’s round will have a small impact on household bills.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 24/05/2022 14:35:01 answering member 1526 label Biography information for Greg Hands
tabling member	4006 label Biography information for Dr Matthew Offord

923587

registered interest
date	13/06/2018
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Renewable Energy: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will publish the post-FIT consultation framework and the allocation of funding to onshore and solar power.
tabling member constituency	Glasgow South West
tabling member printed	Chris Stephens
uin	153363
answer	answer is ministerial correction date of answer 19/06/2018 answer text <p>We are considering options for small-scale low carbon generation beyond 2019, including onshore wind and solar, and a consultation on the Feed-in Tariff scheme will be published in due course.</p> answering member constituency Devizes answering member printed Claire Perry question first answered 19/06/2018 15:55:08 answering member 3974 label Biography information for Claire Perry
tabling member	4463 label Biography information for Chris Stephens